FMC Announces Compromise Agreements

Monday, October 28, 2002
The Federal Maritime Commission (FMC) issued a press release stating that it has reached compromise agreements recovering civil penalties in an aggregate amount of $820,000. The agreements were reached with a vessel-operating common carrier, members of a carrier credit agreement, a passenger-vessel operator, and various ocean transportation intermediaries. Source: HK Law

Finance

SOS from Hanjin Shipping

The creditors' extended help is crucial for survival of Hanjin Shipping Co as its negotiations with owners of chartered ships over a cut in leasing rates and to

NParks, Keppel in S$2.08 mln Partnership for Restoring Singapore Forest Wetlands

The National Parks Board (NParks) and Keppel Corporation today unveiled plans for a partnership to restore the freshwater forest wetland ecosystem historically

Skaugen Goes to Red Again

Norwegian Marine Transportation Service Company I.M. Skaugen SE reported interim losses but cautiously positive and expecting a gradual recovery of trading opportunities

 
 
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